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 Replies: 9 / Views: 1,088 |
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Pillar of the Community
Canada
834 Posts |
Another good day! Picked up a tube of 20 1oz buffalos for $745 7am this morning Later in the day I grabbed these 1gram and 2.5 gram JM Gold Bars He also had a 10oz JM Gold bar, which would be offered to me at spot which leaves me with a night of pondering!  |
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Pillar of the Community
United States
2049 Posts |
Nice pickup! How much were the gold bars?
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Pillar of the Community
 Canada
834 Posts |
4% over spot
I paid just under $190 CDN for the 3.5grams
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Pillar of the Community
United States
3670 Posts |
Nice pickups, better grab it while one still can....
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Pillar of the Community
1283 Posts |
Yeah, that is a gold price on that gold and silver. I got a bunch of good deals this week, metal rich and cash poor is my new motto.
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Valued Member
United States
287 Posts |
nice...
a 10 ounce gold bar? I personally wouldn't even think of it unless it was under spot by a decent amount, unless you can flip for a profit or something similar
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Pillar of the Community
1283 Posts |
Seems like it might not be the best time to buy a 10 oz gold bar after this last run up. I would wait a week and buy it when spot gets back to around $1500 even. Unless like JImi said it is well under spot, it so much harder to sell a 10 oz bar then 10-1oz coins. If you buy it make sure you post a picture not a lot of us get to see a 10oz bar of gold.
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Pillar of the Community
United States
3184 Posts |
10 oz gold bar eh? Not worth it in my opinion, too big and not as liquidable as something smaller
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Pillar of the Community
United States
648 Posts |
If you get a 10 oz bar you better post a picture! Congrats on the purchase.
mkman - wouldn't it be nice to have a 10 oz bar of gold to slap someone silly with?
I would!
Edited by tripncoins
07/14/2011 11:51 am
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Pillar of the Community
United States
4008 Posts |
Another good day, indeed! Very nice acquisition there.  As to the 10-oz. gold bar... yeah, that is a large chunk of gold there. I agree with others who suggest buying smaller gold pieces. I could see buying a large chunk like this as a value store that you were going to hold for many years or as a candidate for a nice profit flip. That IS a lot of money and there is no way any of us can know whether or not gold is topping now or will continue to rise. Buying ten 1-oz. gold bars or coins over a few months time could be a useful strategy that avoids buying in at a gold top. Of course, it could also back-fire if gold continues to rise. It is a real dilemma and one that only you can resolve. |
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Replies: 9 / Views: 1,088 |
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Posted 07/13/2011 8:47 pm
